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LSC Communications' stock sinks to pace NYSE losers after J.P. Morgan turns bearish

Shares of LSC Communications Inc. LKSD, -14.16% sank 13% in afternoon industry Friday, enough to lead them to the most important decliner amongst NYSE-listed shares, after J.P. Morgan became bearish on the provider of print-related services, on the trust that fresh share positive factors are "unsustainable" given persistent weakness in its core industry. Analyst Alexia Quadrani minimize her rating to underweight, after being at neutral since she started overlaying the corporate a yr in the past. She saved her inventory price target at $14, which is 7.eight% underneath current levels. Prior to Friday's selloff, the inventory had rocketed 31% within the two months ended Thursday. "Overall, we believe risk is skewed to the downside and look for better longer-term fundamental trends in the core business before becoming more positive on the stock," Quadrani wrote in a be aware to clients. The inventory has now shed 6.9% yr up to now, while the S&P 500 SPX, +zero.85% has gained three.three%.